Barjan Acquires Astatic Mobile Communications from Omnitronics; Sound Financials Enable Barjan to Strengthen Product Offering Through Strategic Acquisition of CB Equipment ManufacturerROCK ISLAND, Ill.--May 25, 2006--Barjan LLC ("Barjan" or "the Company"), the leading distributor of consumer products to travel centers, truck stops, car washes and convenience stores today announced that it has completed the acquisition of the Astatic Mobile Communications business from Omnitronics, LLC. Terms of the transaction were not disclosed. Barjan LLC is a portfolio company of Monomoy Capital Partners.
Astatic Mobile Communication has been the acknowledged leading manufacturer of replacement microphones and other CB Radio equipment for over 70 years. An innovator in microphone technology, the Astatic brand is well-recognized in all of its markets, including truck stops, travel centers, marine, automotive, and original equipment manufacture. Gary Hill, current National Sales Manager of Astatic, will join Barjan as Director - Mobile Communications Division, and have responsibility for sales and category management of Barjan's mobile communication business.
"Astatic is the market leading brand in after-market CB microphones and we are very excited to complement our current offerings with these high quality products," said Mark G. Essig, Chief Executive Officer of Barjan. "Gary Hill is highly regarded by both customers and suppliers in this market, and is an exceptional addition to the Barjan team."
Mr. Essig continued, "Adding leading brand names like Astatic - giving us an unparalleled product suite of CB microphones, antennae, and accessories - is a step toward our goal of being the industry's leading provider of first-class products to our many valued customers. We look forward to continually building our position as the industry leader in products delivered to the travel center, truck stop, car wash and convenience store market."
"The acquisition of Astatic Mobile Communications affirms Barjan's position as the leading distributor of consumer products to travel centers, truck stops and car washes in North America," stated Daniel Collin, a principal of Monomoy Capital Partners. "The renewed strength of the Company would not be possible without the Barjan team, under the leadership of Mark Essig, as a close partner. We are confident that Barjan has the right management and resources, providing it with a strong position to take advantage of numerous market opportunities."
About Barjan LLC
With facilities in Rock Island and East Moline, Illinois, Reno, Nevada and Atlanta, Georgia, Barjan LLC is the largest distributor of non-food general merchandise to truck stops and travel centers across America. The Company manufactures, sources and distributes over 8,000 individual products, including automotive accessories, chemicals and additives, consumer electronics, novelty products, books, videos, and music. Barjan is the principal supplier to leading national travel center chains and scores of regional and local travel centers across North America. Monomoy Capital Partners acquired the Company in January 2006.